Mortgage Rates for Friday

The mortgage saga continues with the nations largest mortgage producer Countrywide Financial stating it faces ”unprecedented disruptions'’ that may ... -$650,000 (20% down).    Non-Conforming ARMs are priced out of the market. 30 Year Fixed: 7.125% (APR ... floating your interest rates.   Conforming Mortgage Rates (loan amounts up to $417,000 for 1-unit [more...]

Date: 2007-08-10 18:22:23
Blog: Rain City Guide | A Se...

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LPMI, PMI and 80/20 Mortgages…Oh My!

Note:  I should have titled this post:  ”LPMI, PMI and Piggy Back Mortgages…Oh My”.  I just realized my error thanks to Bill’s comment ... to Value (LTV) 90 80 90         2nd Mortgage       Loan Amount n/a 43,900 n/a Interest Rate ... 80 90         2nd Mortgage       Loan Amount n/a 65,800 n/a Interest Rate n/a 8.13 [more...]

Date: 2007-05-11 17:42:17
Blog: Rain City Guide | A Se...

Define “slump”

Apparently, we were in a recession and no one told me about it? Our economy has been stagnant, I’ll grant you that ... this year, no interest rate cuts, slightly higher mortgage loan rates (6.5% fixed rate?), lower ... , which includes parts of the states of Ohio, Indiana, Michigan and Wisconsin. Those states [more...]

Date: 2007-06-02 16:06:31
Blog: The Boston Neighborhoo...

It’s Friday and mortgage interest rates are…

Conforming Mortgage Rates (loan amounts up to $417,000 for 1-unit properties) ...  the change to the rate from my previous Friday’s rate post. 30 Year Fixed: 6.625% (APR 6.779%).  Payment per ... trying to catch “the lowest” rate. Find more articles tagged with:interest rates Mortgageinterest [more...]

Date: 2007-06-22 16:59:16
Blog: Rain City Guide | A Se...

Rising market indexes hit some borrowers, hard

Without a doubt, many people are being hit with higher mortgage loan payments each month, due to rising interest rates on their adjustable rate mortgage loans. I’ve been running a weekly ... man”, from American Fidelity. Presumably, this was Mrs. Auguste’s husband. His was a fixed-rate [more...]

Date: 2007-09-30 03:25:46
Blog: The Boston Neighborhoo...

It’s Friday again..and today’s rates are… July 6, 2007

Avatar Here are current mortgage interest rates as of today, July 6, 2007: Conforming Mortgage Rates ( ... loan amounts up to $417,000 for 1-unit properties). Conforming rate quote below based on owner occupied with minimum credit scores of 680 with an 80% loan to value or lower. Rates quoted are priced [more...]

Date: 2007-07-07 02:48:38
Blog: Phoenix Real Estate an...

Quick reminder to lock in your mortgage

On the first Friday of every month, the Jobs Report comes out.   Tomorrow is the big day ... in the mortgage industry.   Locking in a mortgage interest rate not only secures that rate for your loan, it may also preserve that mortgage program.     With some lenders pulling back on certain programs, a few [more...]

Date: 2007-09-06 15:59:21
Blog: Rain City Guide | A Se...

Phoenix Mortgage Rates Report- August 28, 2007- Lock All Loans

brian_smile.jpg Our Phoenix Mortgage Rates Report from last week advised clients to float their loans. We still maintained a lock-in stance for all non-conforming and jumbo loans as that market ... month downward trend; we think there will be some opportunities to refinance to a fixed rate loan [more...]

Date: 2007-08-28 18:28:25
Blog: Phoenix Real Estate an...

Schumer: Says Will Propose Bill Expanding GSE Conforming Limits, Portfolio Caps

The Wall Street Journal reports that Senator Charles Schumer is the latest on Capitol Hill to weigh in with what he sees as a solution to the ... . Advertisement: Low Rate Second Mortgage Loans 125% Home Equity Loan Refinance Debt Consolidation ... current mortgage crisis: he will propose a bill to expand porfolio limits and raise [more...]

Date: 2007-09-10 14:38:56
Blog: Housing Wire ...

DIY Mortgage Acceleration

Do-it-yourselfers who are weary of yet another trip to the home improvement store may like this DIY project ... refund 3) applying year-end bonuses, ranging from $100 to $2,100). The mortgage-loan givens or assumptions for all three scenarios are: $200,000 mortgage loan 30-year fixed rate loan 6% [more...]

Date: 2007-05-30 19:03:47
Blog: Wise Bread | Personal F...

As Mortgage Rates Rise, More Deals Sink

The suffocating embrace of the subprime crisis is definitely starting to take the wind out of the city’s residential deals ... practices and concomitant rising foreclosure rates. So it’s becoming clear that the mortgage industry crisis ... New Yorkers Grapple With Loan Rates NY Times Risky Loans Help Build Ghost Town of New Homes NY [more...]

Date: 2007-09-24 13:06:24
Blog: Brownstoner: Brooklyn R...

Morgan Stanley Faces ‘Redlining’ Claims

The National Community Reinvestment Coalition said today that it has filed a civil rights complaint with both the U.S ... , as a result. Advertisement: Low Rate Second Mortgage Loans 125% Home Equity Loan Refinance Debt ... by its subsidiary, Saxon Mortgage Inc., and not offering those programs for properties on American Indian [more...]

Date: 2007-09-25 03:28:12
Blog: Housing Wire ...

H&R Block Taps $250 Million of Available Credit, Citing Problems in Commercial Paper

In an SEC filing this morning, H&R Block — parent of troubled subprime lender Option One Mortgage Company — said it had drawn $250 million against ... months. In mid-August, Cerberus-owned Aegis Mortgage filed for bankruptcy amid a growing industry ... rating cut to junk status by Fitch Ratings. Advertisement: Low Rate Second Mortgage Loans 125% Home [more...]

Date: 2007-09-25 20:04:18
Blog: Housing Wire ...

Refinance and Mortgage Loans

Refinance and Mortgage Loans We waited for what seemed like a lifetime before we bought our first home ... appraised after 2 years and refinanced into a fixed rate mortgage thanks to that equity. It really ... out. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ One of the first things my broker told me as I was signing the title papers to my new [more...]

Date: 2007-10-01 13:06:22
Blog: stepherz.com ...

MBA: 45 Percent of Treasury Securities Held by Foreign Investors

The large and continuing purchases of U.S. securities by foreign investors, primarily Asian investors, ... to read the full study. Advertisement: Low Rate Second Mortgage Loans 125% Home Equity Loan Refinance ... released today by the Mortgage Bankers Association. The study found that international demand for US debt [more...]

Date: 2007-10-01 19:26:25
Blog: Housing Wire ...

Bernanke's Bullet Misses the Mark

"..,what was the reason for the panic cut? Asset backed securities received no bids, the commercial paper market was in the dumps, ... weak with huge mass layoffs by financial organizations. List of What Hasn't Changed Mortgage Rates. (Actually mortgage rates rose since last week as the chart below shows). Auto Loan Rates. Nearly [more...]

Date: 2007-09-20 16:42:30
Blog: CRIMES AND CORRUPTION O...

Friday’s Mortgage Rates

I’m tardy!  Between having my Processor on vacation and helping a client out of an option ARM and working on consultation for some new home buyers, yesterday was pretty packed.   Conforming Mortgage Rates (loan amounts up to $417,000 for 1-unit ... scores of 680 with an 80% loan to value or lower and a loan amount of $400,000.   Rates quoted [more...]

Date: 2007-09-15 16:18:35
Blog: Rain City Guide | A Se...

HUD Official: Mortgage Defaults Not ‘Drastically’ Increasing

I had to do a double take at this story that crossed the Associated Press wire earlier today: Speaking on the sidelines of a forum in Singapore, U ... increase in defaults would be. Advertisement: Low Rate Second Mortgage Loans 125% Home ... drastic changes” on the rate of defaults. “Our economic fundamentals are strong. Loan defaults [more...]

Date: 2007-09-25 02:45:26
Blog: Housing Wire ...

Demonizing The Mortgage Industry

In today’s Chicago Tribune, Steve Chapman points out the hypocrisy that has been exhibited by many on the left in response to the problems in the ... to offer anything much more than the typical 30 year fixed rate conventional loan. When the mortgage ... sub-prime mortgage industry and the increasing number of foreclosures on such loans: In the old [more...]

Date: 2007-08-26 18:26:20
Blog: The Liberty Papers ...

Becoming Bimini: Opteum to Change Name

Likely seeking to distance itself from recent turmoil surrounding its recently-sold mortgage banking business, ... (sorry, couldn’t resist!). Advertisement: Low Rate Second Mortgage Loans 125% Home Equity Loan ... in May, Opteum struck a deal to sell its retail origination platform; the servicing portfolio [more...]

Date: 2007-09-25 02:46:38
Blog: Housing Wire ...

Friday’s Rates featuring Jumbo

A welcomed site for many home owners and potential homebuyers: jumbo mortgages and ARMs are returning to the market with better pricing ... Mortgage Rates (loan amounts up to $417,000 for 1-unit properties).  Conforming rate quote below based ... .  Prior to August, there was about a 0.25% difference between conforming and jumbo mortgage rates [more...]

Date: 2007-09-21 18:31:05
Blog: Rain City Guide | A Se...

Facts That Globe Reporters Can't Seem to Report

This morning the Boston Globe carried a front page story by Kimberly Blalnton about rising interest rates on variable rate mortgages ... property in 2004 for $712,000. Her first mortgage loan was for $569,600 (information courtesy ... (but of course the profit was realized via the large mortgage loans).Realtors could find [more...]

Date: 2007-09-30 12:24:32
Blog: Squaring the Boston Glo...

Friday’s Rates ala Ben and Bush

It continues to be very interesting preparing Friday Rate Quotes.   Programs and products availability continue to change due to either lenders[ ... Mortgage Rates (loan amounts up to $417,000 for 1-unit properties).  Conforming rate quote below ... to stall loans so they expire instead of funding or purchasing them) leaving many loan orignators [more...]

Date: 2007-08-31 17:13:56
Blog: Rain City Guide | A Se...

Deutsche Bank Warns on Mortgage Hit, But Expects to Hit Earnings Target

This morning it’s Deutsche Bank’s turn at what many have taken to calling “the confessional” — CEO Josef Ackermann is set to address a banking ... of correction. Therefore, we stay the course and remain committed to our publicly-stated financial ... : Low Rate Second Mortgage Loans 125% Home Equity Loan Refinance Debt Consolidation [more...]

Date: 2007-10-03 14:05:05
Blog: Housing Wire ...

Signs of Recession in US Grow, Led by House Prices, Mortgage Payments

In the next 18 months, about 2.5 million households are supposed to be affected by mortgage rate adjustments ... this: Most of those subprime mortgages will be adjusted, not based on the Fed funds rate ... on long-term loans – such as mortgages. So, when the Fed announced its cut last week, long-term rates [more...]

Date: 2007-09-27 06:00:29
Blog: The Daily Reckoning Aus...

Don’t look too hard.

Don’t look too hard. Sep 24, 2007 in Economy, Housing Bubble From today’s Clusterfuck Nation: ... of adjustable-rate mortgages — but mortgage rates have de-coupled from Fed rates, so that may ... out the big banks, which are in desperate need of cheap loan money to cover the losses [more...]

Date: 2007-09-25 00:03:56
Blog: Iowa Liberal ...

Business News - Home loan demand up as rates tumble (Reuters)

Home loan demand up as rates tumble (Reuters) Construction in the KB-Martha Stewart Olive Grove development continues in Perris, California May 2, 2007. Mortgage applications rose for a second straight week as interest rates ... on Wednesday a recovery in the subprime mortgage market will be slowed by a wave of interest rate resets [more...]

Date: 2007-09-12 22:10:07
Blog: Daily Newspaper - World...

HSBC: Decision One To Close, 750 Jobs Eliminated

HSBC Finance said today that it will close its Decision One subprime wholesale lending unit, ... : Low Rate Second Mortgage Loans 125% Home Equity Loan Refinance Debt Consolidation ... the latest in a string of mortgage lenders pulling back from wholesale and correspondent lending [more...]

Date: 2007-09-21 18:39:11
Blog: Housing Wire ...

Our Economy is What?

Our Economy is What? Shane C. Mason 27th September 2007 When my wife and I went on our honeymoon in Canada 10 years and one ... . Mortgages - particularly jumbo and adjustable-rate loans - are tied to this rate. Yes, you read ... . But, more disturbingly, it also has the potential to punish the very mortgage holders [more...]

Date: 2007-09-27 06:54:57
Blog: Montana Netroots ...

Stupid Underwriting Tricks - How Efficiency is Killing the Mortgage Industry

Stupid Underwriting Tricks - How Efficiency is Killing the Mortgage Industry Posted by Russ under Rants 7 Comments head-up-ass.jpg ... a higher mortgage rate?  Which loan is harder to get approved?  Which loan is more likely ... by some cleaning supplies at Wal-Mart.  He has a 650 FICO score due to a number of late payments [more...]

Date: 2007-08-09 18:37:40
Blog: Smart Mortgage Advice...

Mortgage loans: Singapore and elsewhere

You'll have to agree that anywhere in the world, especially in Singapore, ... . Housing loans comes in different forms, some with fixed rates while others are based on floating ... knowledge on mortgage loans and refinancing preparations will prove very helpful as rates are always [more...]

Date: 2007-09-29 03:48:58
Blog: Pinoy Blog Machine ...

National City: Mortgage Business Likely to Lose $160M During Third Quarter

Updating an earlier investor presentation I blogged about on September 6, ... million to $160 million for the third quarter, excluding MSR (mortgage servicing rights) net hedging ... percent from August 2006. Advertisement: Low Rate Second Mortgage Loans 125% Home Equity Loan [more...]

Date: 2007-09-18 03:20:15
Blog: Housing Wire ...

Nation’s Largest Lender to Slash 12,000 Jobs

The nation’s largest lender, Countrywide, tonight announced that in an effort to cut costs and essentially save the company, it would be cutting 12, ... looking! countrywide, economy, interest rates, lender, loan, mortgage lender, recession ... operating its retail banking and mortgage lending businesses. What say you now folks? The R Word [more...]

Date: 2007-09-08 03:56:50
Blog: Real Estate Investing F...

Refinancing a Second Mortgage

Most people choose to get a mortgage due to financial reasons. Before deciding to settle for a mortgage an extensive research should be done ... your nonmortgage debt into the 2nd mortgage. By doing this you may get higher monthly rates yet you pay ... of loan comes with better interest rates compared with other loan types. You can also refinance [more...]

Date: 2007-08-30 07:33:39
Blog: Real Estate ...

Soothsayer of Sub-prime Scandal Says It's Not Over

John Head doesn’t like to say, “I told you so.” But the Denver real estate attorney who was the soothsayer of the terrible affects of aggressive, ... out Colorado for not prosecuting loan fraud, even as the state suffered the worst foreclosure rate ... billions in mortgage loans to people you knew couldn’t afford the payments would eventually bite someone [more...]

Date: 2007-08-31 15:31:48
Blog: Colorado Confidential ...

Freddie Mac Settles SEC Fraud Charges, Will Pay $50 Million

Freddie Mac said late yesterday that it has agreed to a $50 million civil penalty to settle SEC charges of securities fraud in connection with ... and building our business for the future.” Advertisement: Low Rate Second Mortgage Loans 125% Home Equity Loan Refinance Debt Consolidation [more...]

Date: 2007-09-28 15:41:11
Blog: Housing Wire ...

OFHEO Gives GSEs More Breathing Room on Portfolio Caps

Today the Office of Federal Housing Enterprise Oversight said it will change how it calculates the portfolio caps in place for each of the GSEs, ... as saying in numerous media outlets. Advertisement: Low Rate Second Mortgage Loans 125% Home Equity Loan Refinance Debt Consolidation [more...]

Date: 2007-09-20 03:27:13
Blog: Housing Wire ...

subprime lending, James J. Cramer's Bloody and Bloodier sub prime crisis

I was looking at the James Cramer's Bloody and Bloodier article in New Yorker Magazine today ( ... %? So if you bought a house for 5 million dollars and took out a big loan, then the adjustable rate mortgage rate goes way up and you have to sell your home, you'd only be able to sell [more...]

Date: 2007-08-25 19:58:58
Blog: WebMetricsGuru - Web an...

Refi your Subprime ARM into an FHA Loan

Last week, President Bush introduced a plan called the FHA Secure Initiative ... than a regular conventional or subprime mortgage. These loan also have FIXED rate 30 year terms ... , and/or are delinquent into FHA loans. A Federal Housing Authority (FHA) mortgage is a government [more...]

Date: 2007-09-15 01:15:51
Blog: Financial Freedom Throu...

Don’t Look Now But The Second Shoe Is About To Drop!

By: Dean Konstantine Did you know that 70% of adjustable rate mortgage will be adjusting in the next 12 to 18 months? ... since they kept their rate unchanged today. Leaving mortgage rates to continue to climb if current ... The worst may still be ahead for the sub-prime mortgage holders. The 2/28 loans [more...]

Date: 2007-08-08 04:12:22
Blog: CUE ORG For Better Educ...

Real Estate: Deceptive Mortgage Advertising Language To Watch Out For

mortgagesign.jpg In an almost comical case of too little too late, the FTC wagged a big finger at deceptive mortgage ads Tuesday ... "Fixed" Rate!": Just how long is it really fixed for?"Very Low Rates!": What's low, the interest rate ... it's an interest only loan and you'll be due for a big lump sum payment?"Mortgage rates near 30-year lows [more...]

Date: 2007-09-12 11:50:15
Blog: The Consumerist: Shoppe...

Use Multiple Brokers to Get Better Health Insurance

Use Multiple Brokers to Get Better Health Insurance By: Mick, September 12th, 2007 We know this is true when we’re trying to get a mortgage. Contact a few different mortgage lenders/brokers and compare their rates and loan packages before deciding on which course to pursue. If you or your company are in the market for health insurance [more...]

Date: 2007-09-12 15:02:27
Blog: Employment and Jobs Blo...

Utah's Subprime Exposure - Meltdown?

CNNMoney is reporting subprime loan exposure by State this morning. The interactive map shows all the subprime adjustable rate mortgage loans that were originated ... majority of home owners with these types of loans either sell or refinance before the rate goes [more...]

Date: 2007-08-28 14:57:27
Blog: Salt Lake Real Estate B...

Housing Market on Fire

In a scathing report, "Bonfire of the Builders," ... allegations that KB Home's mortgage unit approved loans to ineligible borrowers, approved loans ... adjustable-rate, interest-only, and other risky loans. In some cases they attracted clientele [more...]

Date: 2007-08-20 16:42:52
Blog: Inman News Blog...

Home Loan From Insurance Companies

When we bought a new property, we were looking around for a good home loan interest rate and found it in the form of an alternative financial ... of competition as they are able to provide home loans at cheaper rates. We enquired with them and found that all we had to do to get that cheaper rate was to purchase a mortgage life insurance policy with [more...]

Date: 2007-09-25 00:47:45
Blog: Funky Cookies...

“No place will be immune”

From Bloomberg: New York, California Metro Home Prices May Fall as Rates Climb Anna Morita, ... loan with interest-only payments for 10 years. That mortgage became too expensive when her lender ... costly loans to homeowners who can’t find a buyer, the mortgage market is a mess. Home-loan defaults [more...]

Date: 2007-09-10 10:13:52
Blog: New Jersey Real Estate ...

Will FHASecure Help Stop Foreclosure Tsunami?

President Bush announced Friday a new FHA refinance program named FHASecure ... foreclosure. Under the terms of the program borrowers seeking to refinance into a fixed rate mortgage ... they have the ability to repay the loan -Interest rate must have or will reset between June 2005 [more...]

Date: 2007-09-09 05:13:09
Blog: On Finance, Consumers a...

More Tightening

More Tightening Suntrust has announced that 100% CLTV 2nd mortgage loans are no longer available, no matter what the credit score.  Previously, borrowers could do a fixed rate second mortgage to 100% at reasonable rates or piggy back a 20% second with an 80% first to get 100% financing and avoid private mortgage insurance [more...]

Date: 2007-08-21 13:53:03
Blog: I Am Not Facing Forecl...

Discount Mortgage Company Now Offers FHA and VA Loans

(Main News and Information) President Bush recently revealed a plan to extend Federal Housing Administration insurance to qualifying homeowners who may have fallen behind on their mortgage payments when they were affected by a rate increase with an adjustable rate mortgage AAXA Discount...... [more...]

Date: 2007-09-27 07:50:40
Blog: PRNN - News, Articles a...

Here's a new source of help if you're worried about losing your home

The National Foundation for Credit Counseling has launched a new Homeowner Crisis Resource Center offering a helping hand for ... . If you know you can't afford your mortgage - or won't be able to when your adjustable rate loan resets ... homeowners who are having difficulty making their mortgage payments. There's a "mortgage reality [more...]

Date: 2007-10-01 15:00:57
Blog: Money Talk | tampabay.c...

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